The origins of asset management from 1700 to 1960 : towering investors / Nigel Edward Morecroft.
This book explores the origins and development of the asset management profession in Britain as a distinct activity within financial services, independent of banks and stockbrokers. Specifically, it identifies the main individuals and institutions after 1868 who established the profession. The book...
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| Format: | Ebook |
| Language: | English |
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Cham, Switzerland :
Palgrave Macmillan,
[2017]
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| Series: | Palgrave studies in the history of finance.
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| Subjects: | |
| Online Access: | Springer eBooks |
| Summary: | This book explores the origins and development of the asset management profession in Britain as a distinct activity within financial services, independent of banks and stockbrokers. Specifically, it identifies the main individuals and institutions after 1868 who established the profession. The book draws a distinction between banks (short-term deposit-taking) and asset management (an investment service with longer-term objectives). It explains why some banks fail but asset management businesses generally do not. It argues that asset management has been socially useful and has had a beneficial impact on the development of securities markets by offering choices to savers as an alternative to banks, improving the efficiency of capital allocation, re-cycling excess savings productively and enabling a range of investors - from institutions to individuals - to benefit from thoughtful, long-term investing. |
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| Physical Description: | 1 online resource (xv, 343 pages) : illustrations. |
| Format: | Mode of access: World Wide Web. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 331951850X 9783319518503 |